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Trade between Switzerland and Thailand

In 2024, Switzerland exported $6.4 billion to Thailand and imported $3.6 billion. Switzerland ran a surplus of $2.8 billion with Thailand, compared with a deficit of $2.5 billion in 2019. Thailand was Switzerland’s 19th largest trading partner (1% of its trade), and Switzerland was Thailand’s 17th (2%).

Summary

Switzerland → Thailand
$6.4billion
Thailand → Switzerland
$3.6billion
Switzerland’s balance
$2.8billion

Balance

Switzerland’s trade balance with Thailand

Trade between Switzerland and Thailand grew 6.8-fold since 1995

USD billions (current). Switzerland’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 6.4
  • Imports 3.6
  • Balance +2.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$997 million$473 million$525 million
1996$943 million$498 million$446 million
1997$804 million$471 million$333 million
1998$554 million$603 million-$49 million
1999$575 million$548 million$27 million
2000$718 million$390 million$327 million
2001$858 million$376 million$482 million
2002$712 million$568 million$145 million
2003$764 million$770 million-$6 million
2004$883 million$650 million$233 million
2005$1.4 billion$676 million$691 million
2006$1.3 billion$951 million$384 million
2007$1.5 billion$1.4 billion$132 million
2008$4 billion$2 billion$2 billion
2009$2.5 billion$3.2 billion-$744 million
2010$5.2 billion$4.2 billion$1 billion
2011$8.8 billion$4.8 billion$4 billion
2012$7.1 billion$4.9 billion$2.2 billion
2013$8.8 billion$1.7 billion$7.1 billion
2014$3.8 billion$2 billion$1.8 billion
2015$4 billion$2.6 billion$1.4 billion
2016$3.5 billion$5 billion-$1.6 billion
2017$6.4 billion$4.4 billion$2 billion
2018$6.1 billion$2.7 billion$3.4 billion
2019$3.2 billion$5.7 billion-$2.5 billion
2020$2.2 billion$8.1 billion-$5.9 billion
2021$5 billion$1.9 billion$3.1 billion
2022$6.8 billion$3.8 billion$3 billion
2023$4.7 billion$4.1 billion$594 million
2024$6.4 billion$3.6 billion$2.8 billion

What they sell each other

What Switzerland sells to Thailand

The top 10 headings in 2024, with their share of the total.

  1. Gold$4.9 billion · 77.5%
    62 tonnes · Switzerland’s destinations
  2. Other wristwatches$181 million · 2.8%
    29 tonnes
  3. Precious metal watches$135 million · 2.1%
    16 tonnes
  4. Silver$116 million · 1.8%
    145 tonnes · Switzerland’s destinations
  5. Medicines in measured doses or retail packs$94 million · 1.5%
    296 tonnes · Switzerland’s destinations
  6. Vaccines, blood and antisera$80 million · 1.3%
    35 tonnes · Switzerland’s destinations
  7. Other watch and clock parts$58 million · 0.91%
    77 tonnes
  8. Jewelry$53 million · 0.83%
    2 tonnes · Switzerland’s destinations
  9. Watch cases$49 million · 0.78%
    27 tonnes
  10. Microchips$33 million · 0.51%
    10 tonnes · Thailand’s sources

What Thailand sells to Switzerland

The top 10 headings in 2024, with their share of the total.

  1. Gold$2.2 billion · 61.3%
    28 tonnes · Thailand’s destinations
  2. Other watch and clock parts$101 million · 2.8%
    119 tonnes
  3. Gemstones$97 million · 2.7%
    2 tonnes
  4. Computer and office machine parts$81 million · 2.3%
    2 thousand tonnes
  5. Jewelry$79 million · 2.2%
    17 tonnes · Thailand’s destinations
  6. Watch straps and bands$70 million · 2%
    52 tonnes
  7. Motorcycles$47 million · 1.3%
    1 thousand tonnes · Thailand’s destinations
  8. Video recorders and players$43 million · 1.2%
    29 tonnes
  9. Prepared fish and caviar$43 million · 1.2%
    8 thousand tonnes
  10. Bags, suitcases and cases$40 million · 1.1%
    755 tonnes

How it travels

Switzerland and Thailand traded $10 billion in 2024 (both directions together). They trade mostly by air: 93% of the value travels by plane.

Split by transport mode

  1. Sea$697 million · 7%
  2. Air$9.3 billion · 93%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Thailand was Switzerland’s 19th largest trading partner (1% of its trade), and Switzerland was Thailand’s 17th (2%).

Thailand in Switzerland’s trade
1.3%
Thailand’s rank among Switzerland’s partners
19th
Switzerland in Thailand’s trade
1.5%
Switzerland’s rank among Thailand’s partners
17th

Compare with

Other partners of Switzerland

Other partners of Thailand

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.